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PCLender.com Web-Based Mortgage Software Enhances Seamless Integration with NYLX Product and Pricing Engine Midwest Mortgage Capital uses PCLender.com and NYLX to increase profitability and capacity to grow Honolulu, HI - May 01, 2009 - PCLender.com, the leader in enterprise, Web-based mortgage software, and NYLX, the mortgage industry’s leading provider of product eligibility and best-execution loan pricing solutions, announce the completion of an enhanced integration between the PCLender.com mortgage lending platform and the NYLX product eligibility and pricing platform. This seamless integration offers a fully bi-directional data flow with a simple to use interface that eliminates the need for manual data entry. "PCLender.com is very excited about the enhanced integration of our mortgage lending platform with the NYLX product eligibility and pricing engine," said Lionel Urban, president and co-founder of PCLender.com. "Our integration with NYLX will provide our customers with cost and time efficiencies that are crucial in today’s lending environment." Both PCLender.com and NYLX provide their solutions in a Software as a Service (SaaS) delivery model. Current customers will realize an immediate ROI as they begin to access the applications over the internet, and won’t require any additional hardware or internal IT staff support. And, by combining NYLX capabilities related to managing, sourcing and locking loans in real-time with the affordability and end-to-end functionality of PCLender.com mortgage software, mortgage lenders can significantly increase profitability and reduce operational costs. John Green, of Midwest Mortgage Capital, a mutual customer of PCLender.com and NYLX, stated, "Due to the implicit integration between NYLX and PCLender.com, our investment in their web-based solutions has garnered a dramatic increase of the monthly unit capacity of our operations department and has given us the capability to set our minimum profits per file at a substantially higher level. Executives and staff, who were initially skeptical, are now experiencing the value of technology as a pathway to stabilized growth." The integration allows PCLender.com users to seamlessly access the NYLX platform through a web-based interface. The interface offers two-way data connectivity, improving efficiency and accuracy by eliminating the need for redundant keying of data. Additionally, the interface allows users to have instant access to rates and eligibility guidelines, and re-price loan scenarios in real-time throughout the life cycle of a loan. "NYLX realizes the potential frustration mortgage lenders live with on a daily basis because of the lack of interoperability across multi-vendor environments. Our priority has been and will continue to be on integrating our solution into these environments in ways that improve workflow and productivity," said John Alexander, president of NYLX. "The benefits to our customers include time savings realized by not re-keying data and automating the lending process, and perhaps more importantly, the data integrity that comes from eliminating the possibility of human error. About PCLender.com About NYLX |
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